M&As this week: Olam International, Koninklijke Wessanen (Wessanen)

Olam International has completed the acquisition of the remaining 50% stake in Acacia Investments from a joint venture partner in exchange for $24m.

Acacia Investments has now become a wholly owned subsidiary of Olam International, enabling the latter to consolidate all of its edible oils operations in Mozambique and synergise its distribution and brands.

Clipper Tea and Whole Earth owner Koninklijke Wessanen (Wessanen) has completed the acquisition of Mrs Crimble’s (Stiletto Foods), a UK-based producer of gluten-free baked goods.

The acquisition is expected to expand Wessanen’s footprint in the UK market and enable the company to enter a strategic growth segment.